European Union

Stocks across the world closed with large gains Monday after European and U.S. officials poured billions of dollars into struggling banks as part of emergency plans to restore confidence in global financial markets. Continue reading →

The U.S. financial meltdown has become a globalized crisis, spreading to Europe and emerging markets. The managing director of the International Monetary Fund explains the importance of restoring confidence among banks and consumers, coordinating efforts among countries and the IMF’s role. Continue reading →

Defense chief Robert Gates warned Russia Thursday to curb its military actions in Georgia while Moscow affirmed its support for the separatist enclaves there. Two analysts examine why Russia has engaged in the conflict. Continue reading →

Russian troops continued to push into separatist regions of Georgia on Monday and Georgian forces reportedly renewed some shelling of South Ossetia as violence continued to rage between the neighboring countries over the breakaway provinces. Continue reading →

European Union nations agreed on Monday to impose new sanctions against Iran, including an assets freeze of the country’s biggest bank, which is suspected of providing services to Iran’s nuclear and ballistic missile programs. Continue reading →

Britain will freeze assets of Iran’s largest bank in a new move to discourage the country from developing nuclear weapons, Prime Minister Gordon Brown said Monday as President Bush continued his farewell trip to Europe with a visit to London. Continue reading →

President Bush departed for Europe Monday to ask leaders for more help in Afghanistan and more pressure on Iran. His first stop was in Slovenia for the last U.S.-European Union summit of his presidency. Continue reading →

Negotiations led by the U.N. Security Council to determine the future of Kosovo ended in a deadlock Wednesday, with Western diplomats saying talks would continue in European capitals over the fate of the U.N. administered province. Continue reading →